Financial Performance - Total revenue for the six months ended June 30, 2020, was approximately SGD 36.0 million, a decrease of about 4.1% compared to SGD 37.6 million in the same period of 2019[15]. - For the six months ended June 30, 2020, the total revenue was 36,046 thousand SGD, a decrease of 4.1% from 37,600 thousand SGD for the same period in 2019[81]. - Revenue from cleaning services was 36,038 thousand SGD, down from 37,585 thousand SGD, indicating a decline of 4.1% year-over-year[81]. - Revenue contribution from Singapore was 35,411 thousand SGD, compared to 37,300 thousand SGD in 2019, reflecting a decrease of 5.1%[82]. - Revenue from Thailand increased to 635 thousand SGD from 300 thousand SGD, representing a growth of 111.7% year-over-year[82]. - The net profit after tax increased from approximately SGD 0.7 million for the six months ended June 30, 2019, to approximately SGD 7.6 million for the same period in 2020[21]. - The company reported a profit attributable to equity holders of SGD 7,675,000 for the six months ended June 30, 2020, compared to SGD 641,000 for the same period in 2019, representing a significant increase[95]. - Basic and diluted earnings per share for the company were 0.51 SGD, compared to 0.04 SGD in the previous year[56]. Cost Management - For the six months ended June 30, 2020, the cost of sales was approximately SGD 24.4 million, a decrease of about 21.2% compared to approximately SGD 30.1 million for the same period in 2019[17]. - Administrative expenses decreased from approximately SGD 5.0 million for the six months ended June 30, 2019, to approximately SGD 3.2 million for the same period in 2020[19]. - Employee benefits expenses for the six months ended June 30, 2020, amounted to SGD 19,569,000, down from SGD 23,323,000 in the same period of 2019, a decrease of about 16.1%[89]. - Interest expenses decreased to SGD 288,000 for the six months ended June 30, 2020, from SGD 356,000 in the same period of 2019, a reduction of approximately 19.1%[91]. Operational Highlights - As of June 30, 2020, the company had 295 ongoing service contracts, with a remaining contract value of approximately SGD 62.3 million[9]. - The company continues to provide cleaning services across various locations, including medical centers, shopping malls, and schools, despite the challenges posed by the pandemic[9]. - The company was able to continue operations during the COVID-19 lockdown by submitting a business continuity plan, which was approved by the Ministry of Trade and Industry[13]. - The company aims to establish and enhance its market position in the environmental services industry, aspiring to become a regional integrated service provider[10]. Market Position and Expansion - The company successfully listed on the main board of the Stock Exchange on July 3, 2020, marking a significant milestone for its competitive advantage and capital strength[8]. - The company is focused on expanding its operations in Singapore and potentially in Thailand[182]. - The company is exploring new strategies for market expansion and product development[180]. Financial Position - As of June 30, 2020, the current assets were approximately SGD 29.8 million, with cash and cash equivalents of approximately SGD 7.3 million[22]. - The current liabilities were approximately SGD 18.1 million, resulting in a current ratio of 1.6 as of June 30, 2020, compared to 1.3 as of December 31, 2019[22]. - The debt-to-equity ratio was 9.4% as of June 30, 2020, compared to 8.0% as of December 31, 2019[25]. - Total assets increased to 38,396 thousand New Taiwan dollars as of June 30, 2020, compared to 36,305 thousand New Taiwan dollars at the end of 2019, representing a growth of 5.7%[60]. - The company’s total equity reached 14,653 thousand New Taiwan dollars as of June 30, 2020, up from 11,530 thousand New Taiwan dollars at the end of 2019, reflecting an increase of 27.5%[60]. Shareholder Information - Major shareholder TEK Assets Management Limited holds 1,500,000,000 shares, representing 75% of the company's equity[52]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020[40]. - The company declared dividends of SGD 4,500,000 for the six months ended June 30, 2020, compared to SGD 1,500,000 in the same period of 2019, showing a 200% increase in dividend distribution[98]. Compliance and Governance - The company operates under the regulations of the Hong Kong Securities and Futures Ordinance, Chapter 571[174]. - The company is subject to the standards of conduct for securities trading as outlined in Appendix 10 of the Listing Rules[170]. - The company recognizes shareholders as stockholders of the issued shares[176].
HYGIEIA GROUP(01650) - 2020 - 中期财报